Sophia Sommer

(602) 512-9825
The Sommer Group
Call Sophia

Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$140,727$140,727$215,100
Remaining term (yrs)24.224.230.0
Secondary amount$0$74,373$0
Funding fee$0$0$0
Note rate2.770%2.770%7.400%
Blended rate3.620%5.480%7.640%
1st payment$663.01$663.01$1,489.31
2nd payment$0.00$557.80$0.00
Taxes / mo$34.75$34.75$34.75
Insurance / mo$150.00$150.00$150.00
MI / mo$114.74$114.74$43.02
HOA / mo$283.00$283.00$283.00
Total monthly$1,245.50$1,803.30$2,000.08
Cash to close$98,273$23,900$23,900